ADT 2009 Annual Report Download - page 198

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
3. Restructuring and Asset Impairment Charges, Net (Continued)
Restructuring reserves by segment as of September 25, 2009 and September 26, 2008 are as follows
($ in millions):
2009 2008
ADT Worldwide .............................................. $ 69 $ 48
Flow Control ................................................. 15 7
Fire Protection Services ......................................... 53 27
Electrical and Metal Products ..................................... 16 14
Safety Products ............................................... 47 66
Corporate and Other ........................................... 4 5
$204 $167
As of September 25, 2009 and September 26, 2008, restructuring reserves were included in the
Company’s Consolidated Balance Sheets as follows ($ in millions):
2009 2008
Accrued and other current liabilities ................................ $159 $146
Other liabilities ............................................... 45 21
$204 $167
4. Acquisitions
Acquisitions
During the year ended September 25, 2009, cash paid for acquisitions totaled $50 million, which
primarily related to the acquisition of Vue Technology, Inc., a provider of radio frequency identification
(RFID) technology, by the Company’s Safety Products segment.
During the year ended September 26, 2008, the Company acquired Winner Security Services LLC
(‘‘Winner’’), Sensormatic Security Corp. (‘‘SSC’’), FirstService Security (‘‘FirstService’’), as well as
various other acquisitions within its ADT Worldwide and Safety Products segments.
On June 5, 2008, the Company’s ADT Worldwide segment acquired substantially all of the assets
of Winner for $90 million. The franchise was originally granted by Sensormatic Electronics Corporation
(‘‘Sensormatic’’) and granted Winner rights to sell, install and service certain Sensormatic products and
entitled Winner to commissions on Sensormatic products sold, installed or shipped into its franchise
territories. Sensormatic products are sold through the Company’s ADT Worldwide and Safety Products
segments.
On July 9, 2008, the Company’s ADT Worldwide segment acquired substantially all of the assets of
SSC, including franchise rights, and agreed to settle a related legal matter for total consideration of
approximately $86 million. SSC was a franchisee of Sensormatic in the states of Virginia and Maryland
and in the District of Columbia. It was the last remaining major Sensormatic franchise. Under the
original franchise agreement, SSC was granted rights to sell, install and service certain Sensormatic
products and was entitled to commissions on Sensormatic products sold, installed or shipped into its
franchise territories. Sensormatic and SSC also settled the previously reported litigation between the
106 2009 Financials